Project PNM-IA-PNM-2020-21 — Project Summary

Queue ID
PNM-IA-PNM-2020-21
Capacity
100 MW
Technology
Solar+Battery
Status
active
Location
Valencia, NM
Region
West
Developer
NextEra Energy
IA Status
IA Executed

PNM-IA-PNM-2020-21

PNM-IA-PNM-2020-21BetaActiveSolarBatteryPNMLBNL

100 MW hybrid in Valencia, NM · In queue since October 2020 · Proposed COD November 2023

100 MW

Capacity

1

Components

Solar

5y 7m

In Queue

IA Executed

IA Status

COD target: 2023

Interconnection

Total Duration

3y 1m

Schedule

30 months past proposed COD

Construction75%
Queue EntryOct 14, 2020

Interconnection request submitted to ISO/RTO

Interconnection Study

Project undergoes interconnection studies to assess grid impact.

Typical: 18–36 months

Interconnection Agreement

Interconnection agreement executed — binding commitment to build

Typical: 30–60 days (negotiation)

ConstructionCurrent

Project under construction

Typical: 18–30 months

Commercial Operation

Proposed COD: 2023-11-01

About

PNM-IA-PNM-2020-21 is a proposed 100 MW hybrid solar and battery energy storage project located in Valencia County, New Mexico. The development project, under the developer NextEra Energy, is interconnected to the Public Service Company of New Mexico (PNM) via the Sky Station point of interconnection. The project entered the PNM interconnection queue on October 14, 2020, with a proposed commercial operation date of November 1, 2023. The interconnection agreement has been executed.

The project consists of 100 MW of solar generation capacity. The project has appeared in recent news coverage, with seven articles categorized as deals and regulatory matters.

Generated from interconnection queue and public data sources

Project Details

State

NM

County

Valencia

Grid Region

Mountain West

Market

Developer

NextEra Energy

Utility

Public Service Company of New Mexico

Entity

PNM

Service Type

Point of Interconnection

Sky Station

Data Source

LBNL

DeveloperNextEra Energy ResourcesCarbonCredits.com · 2025-12-09
ApplicantPublic Service Company of New MexicoEnergy-Storage.News · 2024-06-05
AgencyNew Mexico Public Regulation CommissionEnergy-Storage.News · 2024-06-05
RulingApprovalEnergy-Storage.News · 2024-06-05
TransactionDivestiture±Mercom Capital Group · 2022-01-07
Deal value$866.0M±Mercom Capital Group · 2022-01-07
OfftakerMeta±CarbonCredits.com · 2025-12-09
LenderApollo Global ManagementOklahoma Energy Today · 2021-10-22
PPA structurePhysicalCarbonCredits.com · 2025-12-09
Market Context
Approximate
ISO / RTO
MOUNTAIN_WEST
Trading Hub
FOURCORNERS
Hub Confidence
UNKNOWN

This project's market context is estimated from its Point of Interconnection. Hub and node assignments are approximate and based on geographic inference from the POI substation name.

News & Articles (5)Beta

Last updated 2026-03-26

View all 5 articles